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NITI Aayog plans new planning framework

-The Hindu Structural reforms and improving productive capacity can enhance long-term growth NITI Aayog, the government’s policy think tank, is working on a sector-based medium-term planning framework, Union Finance Secretary Ratan P. Watal told a meeting of state finance secretaries on Monday. The new planning framework could replace five-year plans, the last of which is set to end in 2016—17, Mr. Watal said. It was possible to synchronise with the finance commission cycle,...

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Debt weighing down farmers of cotton belt -Mohammad Ghazali

-Hindustan Times Mansa: As cases of suicide by farmers due to indebtedness continue to be reported in the district, there are hundreds of households in which children, who have lost their fathers, have inherited debt and accompanying distress. Ranjeet Singh, 35, a farmer from Kotdharmu village, ended his life in 2013 after he failed to repay the debt of his father who had been forced to incur it several years ago. His ailing...

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Maharashtra plans Bill on land titling -Sanjay Jog

-Business Standard Hopes titling of land to create confidence among land owners Mumbai: Maharashtra is in the midst of formulating a land title Bill, to minimise property disputes. This comes in the wake of the legislative Assembly in Rajasthan passing (last week) a legislation with the same aim, on urban land. The city of Pune will see a pilot project. The city is also among the 20 selected by the Centre for...

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At The Margins -Lola Nayar

-Outlook Is the devolution of ­national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...

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Forty coal importers under the DRI scanner for over-invoicing

-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...

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